Luxury rental buildings hit leasing milestones in Harrison, Weehawken

A group of developers recently announced key leasing milestones at luxury rental projects along the Hudson River waterfront in northern New Jersey, an area known as the Gold Coast that in recent years has a seemingly never-ending pipeline of residential units. The Maxal Group and Hartz Mountain Industries, who began leasing four months ago at Weehawken’s 236-unit Harbor 1500, announced commitments for 177 units in late June. The development at 1500 Harbor Boulevard in Weehawken’s Lincoln Harbor section extends 764 feet into the Hudson River and is adjacent to Hartz Mountain’s Estuary apartment complex and the Lincoln Harbor Yacht Club. Nine miles inland, in downtown Harrison, Advance Realty Investors and DeBartolo Development announced that 50 percent of their 280-unit Cobalt Lofts were committed seven months after leasing commenced. Cobalt Lofts is near Advance Realty’s Steel Works luxury rental projectthat opened in 2017 with units starting at $1,950 per month. Cobalt Lofts is also part of Harrison’s Riverbend District, which when completed will add 3,000 units and 100,000 square feet of retail space near the town’s PATH station. [NJBIZ]